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Lao PDR—Average Firm Age (years)

Category: Private SectorSource: World Bank World Development IndicatorsGlobal Rank: #53 of 116
Latest Value
20 years
2024
YoY Change
-26.0%
2018 → 2024
Global Rank
#53
of 116 countries
Maximum
27 years
2018
Minimum
14 years
2009
CAGR
+2.6%
5 years
Last
20 years
Previous
27 years
Highest
27 years
Lowest
14 years
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators

Historical Data

YearValueChange
202420 years-26.0%
201827 years+65.6%
201616 years+18.9%
201214 years+0.7%
200914 years

Top Countries — Average Firm Age (years)

#CountryValueYear
1Korea, Rep.193 years2024
2Uruguay167 years2024
3Belgium146 years2024
4Germany122 years2021
5Peru118 years2023
6Tunisia111 years2024
7France110 years2021
8Austria96 years2021
9Benin78 years2024
10Czechia74 years2024
View all 116 countries →

About This Indicator

Definition

The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.

Methodology

Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.

Source: World Bank - World Development IndicatorsView original source →